{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI Pacific Socially Responsible UCITS ETF is a UCITS-compliant ETF that predominantly invests in shares and transferable securities of companies included in the MSCI Pacific SRI Low Carbon Select 5% Issuer Capped Index. The fund uses physical replication by investing directly in all or substantially all of the component securities, with derivatives used only where direct replication is not possible or to generate efficiencies, which aligns with efficient portfolio management (EPM) rather than being integral to the investment objective. The fund explicitly states it will not engage in securities lending, and there is no indication of leverage beyond UCITS limits. The risk profile is high due to equity market volatility but does not imply structural complexity. The index tracked is transparent and well-documented, focusing on ESG criteria, which supports non-complexity. The use of derivatives is limited and for EPM purposes only, with minimal impact on the risk-return profile, and no embedded derivatives or structured products are involved. Therefore, according to MiFID II Article 254, Delegated Regulation EU 2017/565 Article 57, and ESMA guidelines, this ETF meets the criteria for a non-complex financial instrument. It does not embed derivatives as a core strategy, does not use synthetic replication, and has a straightforward structure understandable by retail investors with basic knowledge. Hence, no appropriateness assessment beyond execution-only is required under MiFID II for retail investors investing in this ETF."
}